Global Steam Turbine Market Overview 2019

Steam Turbine Market Size

The global steam turbine market revenue amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, steam turbine consumption continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Global steam turbine consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Steam Turbine Production

In value terms, steam turbine production stood at $X in 2018 estimated in export prices. Over the period under review, steam turbine production continues to indicate a drastic contraction. The pace of growth appeared the most rapid in 2015 when Production Volume increased by X% against the previous year. In that year, global steam turbine production reached its peak level of $X. From 2016 to 2018, global steam turbine production growth remained at a lower figure.

Steam Turbine Exports

Exports 2007-2018

In 2018, the global steam turbine exports stood at X units, shrinking by -X% against the previous year. Over the period under review, steam turbine exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2015 when Exports increased by X% y-o-y. Over the period under review, global steam turbine exports reached their maximum at X units in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, steam turbine exports totaled $X in 2018. In general, steam turbine exports continue to indicate a slight deduction. The most prominent rate of growth was recorded in 2018 when Exports increased by X% against the previous year. Global exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) and Italy (X units) represented roughly X% of total exports of steam turbines and other vapor turbines in 2018. India (X units) ranks next in terms of the total exports with a X% share, followed by the Netherlands (X%). Egypt (X units) took a minor share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest steam turbine supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Saudi Arabia, with a X% share.

From 2013 to 2018, the average annual growth rate of value in India amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

In 2018, the average steam turbine export price amounted to $X per unit, increasing by X% against the previous year. Overall, the steam turbine export price continues to indicate an outstanding increase. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Global export price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was India ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced a decline in the export price figures.

Steam Turbine Imports

Imports 2007-2018

Global imports totaled X units in 2018, going up by X% against the previous year. Overall, steam turbine imports, however, continue to indicate a sharp deduction. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, global steam turbine imports reached their peak figure at X units in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, steam turbine imports totaled $X in 2018. Overall, steam turbine imports, however, continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, global steam turbine imports reached their maximum at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of steam turbine imports in 2018 were Bangladesh (X units), together resulting at X% of total import.

Bangladesh was also the fastest growing in terms of the steam turbines and other vapor turbines imports, with a CAGR of +X% from 2013 to 2018. Bangladesh (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported steam turbines and other vapor turbines worldwide.

In Bangladesh, steam turbine imports plunged by an average annual rate of -X% over the period from 2013-2018.

Import Prices by Country

The average steam turbine import price stood at $X per unit in 2018, growing by X% against the previous year. In general, the steam turbine import price continues to indicate outstanding growth. The growth pace was the most rapid in 2016 an increase of X% year-to-year. In that year, the average import prices for steam turbines and other vapor turbines attained their peak level of $X per unit. From 2017 to 2018, the growth in terms of the average import prices for steam turbines and other vapor turbines remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Bangladesh.

From 2013 to 2018, the rate of growth in terms of prices for Bangladesh amounted to -X% per year.

This report provides an in-depth analysis of the global steam turbine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.